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Calvin’s Restrictions on Interest: Guidelines for the Credit Crisis
Journal of Business Ethics 96 (2):233-248 (2010)
Abstract
Calvin’s view on the legitimacy of interest has had a great impact on the economic development of Western society. Although Calvin took a fundamentally positive attitude to interest, he also proposed several restrictions on the charging of interest. In this article, we investigate the relevance of these restrictions to the current credit crisis. We find that each of them provides a relevant interpretation of what went wrong in the buildup of the credit crisis and gives directions to improve policies of banks and governments as well.Author's Profile
DOI
10.1007/s10551-010-0462-9
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Citations of this work
philosophy of money and finance.Boudewijn De Bruin, Lisa Maria Herzog, Martin O'Neill & Joakim Sandberg - 2018 - In Edward Zalta (ed.), Stanford Encyclopedia of Philosophy. Palo Alto: Metaphysics Research Lab, Stanford University.
Reciprocity as a Foundation of Financial Economics.Timothy C. Johnson - 2015 - Journal of Business Ethics 131 (1):43-67.
Adam Smith as theologian, edited by Paul Oslington. London: Routledge, 2011, 146 pp. [REVIEW]Johan Graafland - 2011 - Erasmus Journal for Philosophy and Economics 4 (2):109.
References found in this work
The Theory of Moral Sentiments.Adam Smith - 1759 - Mineola, N.Y.: Dover Publications. Edited by Elizabeth Schmidt Radcliffe, Richard McCarty, Fritz Allhoff & Anand Vaidya.
The Protestant Ethic and the Spirit of Capitalism.Max Weber, Talcott Parsons & R. H. Tawney - 1958 - Courier Corporation.
Do Markets Crowd Out Virtues? An Aristotelian Framework.J. J. Graafland - 2010 - Journal of Business Ethics 91 (1):1-19.
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